Confirmation on Unaffordable Housing Costs…

We have found another report from the Center for Community Solutions dealing with the pressures placed on seniors and their housing costs.

AGING POPULATION Center for Community Solutions

Investing in Older Adults: Demographic and Funding Trends in
the Western Reserve Service Area

“Poverty is also an important factor. Between 2000 and 2013, the poverty rate
among seniors (age 65 and older) living in counties within the WRAAA
region [(Cuyahoga, Geauga, Lake,Lorain, Medina] increased slightly from an average of 6.2 percent to 6.8 percent.  [LFC Comment: it is not getting any better in 2019]

This represents over 21,000 seniors who live in poverty.  Furthermore, housing
costs continue to be a struggle for the aging population. In 2013, for the
population 65 and over, 30 percent of owners and 57 percent of renters
experienced unaffordable housing, defined as paying more than 30 percent
of their income on housing expenses. [LFC Comment: mortgage + utilities + property taxes = HAT %]

Americans are living longer and more are opting to remain in their
community. The types of services funded by OAA – especially caregiver
support, home care, and other supportive services – will be in greater
demand. Local resources are not sufficient to make up the shortfall.’

Categories: Lake County, Uncategorized

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